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recently, the brazilian coffee exporters association released data, predicting that brazil's coffee exports to china this year will increase by 65% ​​compared to last year.

brazil has long been the world's largest coffee producer, with annual output typically exceeding 50 million bags, each weighing about 60 kilograms, almost twice that of second-ranked vietnam, according to the international coffee organization.

at the same time, china's coffee consumption market is also expanding rapidly. data shows that in 2023, the scale of china's coffee market has reached about 265.4 billion yuan, with an average annual compound growth rate of 17.14% in the past three years. it is expected that by the end of 2024, the market scale will grow to 313.3 billion yuan.

eduardo elon, data director of the brazilian coffee exporters association: in 2022, brazil exported 422,000 bags of coffee to china. in 2023, this figure increased to 1.5 million bags. this growth rate is unprecedented in the history of brazilian coffee.

according to the brazilian coffee exporters association, brazil's coffee exports to china will continue to grow significantly this year, reaching 2.5 million bags, an increase of 65% compared with 1.5 million bags last year. the total export value is expected to reach us$525 million (about rmb 3.722 billion).

(source: cctv finance)

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